The new Geofutures Greeninvest project website has been launched.

The GeoFutures Facility is an insurance-based risk finance fund that will crowd-in international and national private sector investment into the geothermal power sector in East Africa (the “GeoFutures Facility”), with an initial focus on Kenya and Ethiopia.

GreenInvest is a grant funded initiative arising from Parhelion’s work to further develop innovative insurance products to facilitate the financing of climate sustainable enterprises.

Read about the work we do and find out more about our key partners here.

We at the IGA are delighted to embark on this journey and work with Parhelion and partners on the ‘GeoFutures – GreenInvest’project. We are active in 64 countries around the globe and serve our 6000 members through 35 affiliated country organisations. East Africa is a key region and offers an unlimited potential for harnessing the geothermal resource. Mobilising insurance underwriting capital to de-risk geothermal investment opportunities is crucial to see the actual projects implemented on the ground. We are looking forward to build the expertise in East Africa and simultaneously to engage in conversations with the wider geothermal sector to see the results transferred in other key geothermal markets and regions as well.


Press contact:
Dr. Marit Brommer, IGA Executive Director
E-Mail: marit@lovegeothermal.org


P4G news: https://p4gpartnerships.org/partnership/geofutures-greeninvest

Start-end date: 2016-2020

GEMex – Cooperation in Geothermal energy research Europe-Mexico for development of Enhanced Geothermal Systems and Superhot Geothermal Systems.

GEMex has the ambition to bring together the extended Mexican know how of discovering, developing, and deploying conventional geothermal energy systems with a variety of European expertise from similar geothermal energy systems (Italy, Iceland etc.), of developing EGS technology, and finding new approaches to make use of super-hot geothermal systems. The approach should lead to concepts for extended future deployment of geothermal energy in Europe and Mexico. This will be done by common site developments, one for hot-EGS (Enhanced Geothermal Systems) and one for SHGS (Super-Hot Geothermal Systems). This approach will open synergies of competencies and technologies and will lead to an acceleration of the learning curve for geothermal development. Potential drill paths will be developed in the target areas in order to maximize the scientific output. The findings will be compared to extended experiences in EGS projects in Europe and elsewhere and with the few SHGS-projects in Europe (IDDP1) and Japan (Kakkonda).

More information about the project on: www.gemex-h2020.eu/index.php/en/

Start-end date: 2016-2020

The IGA is a partner in GSS-VET Project. Geothermal- and Solar Skills – Vocational Education and Training aims at providing new environmental skills for the construction sector. Training providers have not yet caught up with the new skills demand, creating an important skills gap in the current labour market. Following the identification of skills needs, the partners will create an innovative training including work-based and ubiquitous learning and flipped classroom for geothermal and for solar energy system installers (EQF level 4-5). The training content will be focused on technical skills but also on transversal ones, including entrepreneurship, ICT, interdisciplinary skills and ability to work effectively with people from other disciplines.

For the above an e-Learning Platform is to be designed with corresponding digitalized contents. 40 trainers and 200 workers will directly be trained during the project’s lifetime, and thanks to the involvement of VET providers, sectorial organizations (including an EU umbrella), regional authorities and other associated partners, 2,500 workers will be trained by 2025.

More information about the project on: www.gss-vet.eu

The developing of Specifications for Application of UNFC-2009 to Geothermal Energy Resources was carried out under a Memorandum of Understanding between UNECE and the International Geothermal Association signed on 19  September 2014. Under this MoU, the IGA agreed to develop Specifications and Guidelines for the application of UNFC-2009 to geothermal energy and to maintain them evergreen in a manner consistent with their proper application through regular and periodic review.

More information: https://www.unece.org/energywelcome/areas-of-work/unfc-and-sustainable-resource-management/applications/energyseunfc-re/unfc-and-geothermal-energy.html